New service rolled out initially to five African countries
London and Dubai - WorldRemit -- has partnered with UAE Exchange - the global remittance, foreign exchange and payment solutions brand - to offer WorldRemit customers instant money transfers for multiple markets.
Through the partnership, WorldRemit customers can now send money instantly to be picked up as cash at UAE Exchange branches in Morocco, Uganda, Rwanda, Kenya and Zambia. Over time, new services will be rolled out across further countries in Africa, the Middle East and Asia.
With the WorldRemit app, people can send money instantly to their friends and family in over 125 different countries. The UK's fastest-growing technology firm1, WorldRemit customers send over 400,000 transfers every month.
UAE Exchange offers a host of services and diverse remittance channels to its customers. With a network of 800 branches across 31 countries, UAE Exchange has correspondent banking relationships with over 140 global banks.
UAE Exchange has integrated with WorldRemit though WorldRemit's Payout API - an easy-to-integrate, scalable API built using RESTful architecture that can process a high frequency of requests.
Promoth Manghat, CEO, UAE Exchange, said: "As one of the world's most innovative remittance and foreign exchange brands, we are delighted to collaborate with another trailblazer in the space. Through our partnership, WorldRemit can benefit from our extensive correspondent network, expanding their coverage into new areas."
Ismail Ahmed, CEO and founder of WorldRemit, comments: "We are committed to giving people the power to share money anytime, anywhere. By partnering with UAE Exchange, our customers can enjoy a greater range of payout options in more countries that ever before."
1. Deloitte Technology Fast 50 2015 - www.fast50.co.uk/2015-winners/2015-winners.aspx
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About UAE Exchange
UAE Exchange, started in 1980, grew into the leading global remittance, foreign exchange and payment solutions brand. Headquartered in Abu Dhabi, UAE Exchange has been setting new standards in the global remittance industry with diversified service offerings including Money2anywhere.com, online money transfer portal; FLASHremit, real time account credit; gocash, prepaid travel card; and Smart Pay, leading payroll solution. Quality-driven approach has won UAE Exchange global awards including Asia's Most Promising Brand Award, ISO 9001:2008 certification, TISSE certification from TICSI, UK, Dubai Quality Award, Sheikh Khalifa Excellence Award (SKEA), Banker Middle East Product Award, Customer Service Week Star Award, Dubai Service Excellence Scheme Award, UAE Emiratisation Award, DHDA Award, Great Place to Work Award etc. It was chosen Superbrand from 2009 till 2016 consecutively. Over 9000 multi-cultural personnel representing more than 40 nationalities, ensure delight to 13.2 million customers. Strong correspondent relationship with over 140 banks adds to its might. It has a strong network of close to 800 direct offices in 31 countries, that largest in its class. UAE Exchange network includes seven of the African countries including Kenya, Rwanda, Uganda, Seychelles, Botswana and Zambia, where it has a good presence in the market with a strong bond with the communities.
About WorldRemit
WorldRemit is changing the way people send money.
It's easy - just open the app or visit the website - no more agents.
· Transfers to most countries are instant - send money like an instant message.
· More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
· Available in over 50 countries and 125+ destinations.
· Backed by Accel Partners and TCV - investors in Facebook, Spotify, Netflix and Slack.
· WorldRemit is the UK's fastest-growing technology company (Deloitte Technology Fast 50 2015)
WorldRemit's global headquarters are in London, UK with regional offices in the United States, Canada, Japan, Australia and New Zealand.
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© Press Release 2016
